Commonwealth Bank of Australia (ASX: CBA) is the S&P/ASX 200 Index (ASX: XJO)'s biggest banking share, boasting a market capitalisation of around $157 billion. But how do CBA's dividends stack up against those offered by its peers?
Interestingly, despite posting a seemingly healthy dividend yield, it doesn't compare well to most of its ASX 200 bank peers. In fact, the banking giant's 4% dividend yield is the smallest of the big four.
CBA shares offer 4% dividend yield
Over the past 12 months, each CBA share has offered $3.75 in dividends.
This is made up of a $2 final dividend for financial year 2021, announced in August. The bank's final dividend reflected a 104% increase on that of the prior comparable period.
It was followed by a $1.75 interim dividend announced in February, representing a 17% increase.
On top of that, CBA shares have paid out fully-franked dividends since the early 90s. That means they could offer some shareholders a better deal on their tax.
Considering CBA's current share price – $93.15 – the bank's stock is trading with a 4.02% dividend yield. That's notably lower than the yield offered by the bank's big four peers.
Here's how that compares to fellow ASX 200 banking giants at Friday's close:
- National Australia Bank Ltd (ASX: NAB) offered a dividend yield of nearly 5%
- Westpac Banking Corp (ASX: WBC) boasted a dividend yield of around 6%
- Australia and New Zealand Banking Group Ltd (ASX: ANZ) offered a dividend yield of around 6.3%
- Macquarie Group Ltd (ASX: MQG) offered a dividend yield of around 3.6%
Of course, it's also worth considering the performance posted by CBA shares.
Over the last 12 months, the CBA share price has fallen around 6%.
That means it's outperformed most of its ASX 200 peers. It's only been bested by shares in Westpac and Macquarie, which posted gains of around 7% and 10%, respectively.
